Mastek is looking to increase its annual revenue to Rs 450 crore each from global insurance and non-insurance businesses in the FY15. As of March 31, 2014, the company’s total annual turnover was around Rs 830 crore which was equally divided between the two verticals.
Meanwhile, the company is in talks with life insurance companies including Aviva and Max New York life insurance to provide them software solutions. CSC is the other player in this space.
Mastek is a high-end provider of vertically-focused enterprise technology solutions and platforms that unleash the optimum potential of its clients' business. Its vertical focus includes insurance (Life, Pensions and General), Government/Public Sector, and Financial Services sectors.
